H.R. 5529 would reauthorize the Developing Hispanic-Serving Institutions Program and expand the types of activities that institutions can support with the grant funds. The bill would authorize the appropriation of $108 million for fiscal year 2016. The underlying authorization for the program has expired but the Congress has already appropriated $108 million for those grants in fiscal year 2016.
Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
CBO estimates that enacting H.R. 5529 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027.
H.R. 5529 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments.
